USDCAD spot rate: 1.3305 - 1.3310 (as at 7:15am PST)
Ranges: | Asia: | 1.3281 | to | 1.3306 |
Europe: | 1.3291 | to | 1.3328 | |
North America: | 1.3293 | to | 1.3321 |
Technical Support / Resistance:
S2 | S1 | R1 | R2 |
1.3200 | 1.3246 | 1.3366 | 1.3400 |
Key Economic Data Releases:
- Rmd Fed Index 20 (15 exp.) 16 previous
Event Calendar:
Date | Canada | U.S.A. |
June 27 June 28 June 29 | GDP, BOC business outlook survey | Durable goods orders, pending home sales GDP (Q1 annualized) Personal income / spending, Chicago PMI |
U.S. stocks fluctuated after the biggest selloff since April, as investors assessed the outlook for trade and its implications on global growth. Treasuries turned lower and the dollar rose. The S&P 500 Index gyrated at its 50-day moving average, while the Dow Jones Industrial Average clung to an early advance. Technology shares hit hardest Monday bounced back to give the Nasdaq indexes solid gains. Harley-Davidson Inc. slumped as President Donald Trump railed against the motorcycle maker for planning to move production abroad in response to tariffs. In Asia, Chinese equities entered a bear market on concern about the country's ability to fight a trade war, while European shares bounced back from a rout. Currently, the TSX is up 0.12% and the DOW is up 0.23%. EURCAD is down 0.19% trading between 1.5500 and 1.5580. GBPCAD is down 0.27% trading between 1.7571 and 1.7673. JPYCAD is down 0.29% trading between 0.01211 and 0.01213. Gold is down 0.52 trading between $1,255 and $1,267USD/oz., silver is down 0.37% trading between $16.15 and $16.36USD/oz., while oil is up 1.30% trading between $67.86 and $68.73.
Sources: Reuters, Bloomberg, FXStreet, RBC Capital Markets, Bank of Canada, U.S. Federal Reserve, CNBC, Forexlive, CME Group